Commission clears Olam’s ADM cocoa business buy

By Oliver Nieburg

- Last updated on GMT

Related tags European union

'No competition concerns,' says European Commission
'No competition concerns,' says European Commission
The European Commission has given the green light for Olam to acquire ADM’s cocoa operations.

Singapore-based Olam reached a $1.3bn deal to acquire ADM’s cocoa business in December 2014 and the agreement has been passed by EU authorities.

“The Commission concluded that the proposed acquisition would raise no competition concerns, given the companies' moderate combined market positions and the presence of a number of strong players supplying beans and cocoa products in the European Economic Area (EEA),”​ said the Commission in a release.

ADM’s cocoa division has a cocoa processing capacity of 600,000 metric tons (MT) and will mean the Olam will now have a 700,000 MT capacity.

Olam will account for around 16% of cocoa processing globally, behind Cargill and the leading grinder Barry Callebaut.

The buy includes ADM’s processing facilities in Mississauga, Canada; Koog aan de Zaan and Wormer, the Netherlands; Mannheim, Germany; Ilhéus, Brazil; Abidjan, Côte d'Ivoire; Kumasi, Ghana; and Singapore; plus ADM buying stations in Brazil, Cameroon, Côte d'Ivoire, and Indonesia, as well as the company’s deZaan and UNICAO brands.

The Commission is still assessing Cargill’s proposed acquisition of ADM’s industrial chocolate business.

Related topics Ingredients Cocoa & Sugar

Related news

Related products

show more

Satisfy Your Sweet Tooth with Sustainable Syrups

Satisfy Your Sweet Tooth with Sustainable Syrups

Content provided by Green Plains Inc. | 05-Apr-2024 | Data Sheet

Elevate your products with Green Plains’ premium, low carbon-intensity corn syrups. Drop-in replacements with an up to 40% lower carbon footprint than...

Machu Picchu Foods expands chocolate production lines

Machu Picchu Foods expands chocolate production lines

Content provided by Machu Picchu Foods: Contract manufacturer of chocolates and snacks | 02-Feb-2024 | Product Brochure

Leading Peruvian manufacturer Machu Picchu Foods debuts cutting-edge production lines for filled chocolate bars, truffles, and crispy wafer snacks.

Related suppliers

Follow us


View more